0001752724-24-046428.txt : 20240228 0001752724-24-046428.hdr.sgml : 20240228 20240228154701 ACCESSION NUMBER: 0001752724-24-046428 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240228 DATE AS OF CHANGE: 20240228 PERIOD START: 20240331 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MUTUAL FUND SERIES TRUST CENTRAL INDEX KEY: 0001355064 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: OH FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-21872 FILM NUMBER: 24694869 BUSINESS ADDRESS: STREET 1: C/O GEMINI FUND SERVICES LLC STREET 2: 4221 NORTH 203RD STREET, SUITE 100 CITY: ELKHORN STATE: NE ZIP: 68022-3474 BUSINESS PHONE: 631 549 1859 MAIL ADDRESS: STREET 1: C/O GEMINI FUND SERVICES LLC STREET 2: 4221 NORTH 203RD STREET, SUITE 100 CITY: ELKHORN STATE: NE ZIP: 68022-3474 FORMER COMPANY: FORMER CONFORMED NAME: CATALYST FUNDS DATE OF NAME CHANGE: 20060303 0001355064 S000071674 AlphaCentric Strategic Income Fund C000227116 AlphaCentric Strategic Income Fund Class I SIIIX C000227117 AlphaCentric Strategic Income Fund Class A SIIAX C000227118 AlphaCentric Strategic Income Fund Class C SIICX NPORT-P 1 primary_doc.xml NPORT-P false 0001355064 XXXXXXXX S000071674 C000227118 C000227117 C000227116 MUTUAL FUND SERIES TRUST 811-21872 0001355064 5493002ZGLQMLR4QMA96 C/O GEMINI FUND SERVICES LLC 4221 North 203rd Street, Suite 100 ELKHORN 68022 631-470-2600 AlphaCentric Strategic Income Fund S000071674 549300YDYHXBQRIQH163 2024-03-31 2023-12-31 N 58626388.04 541263.22 58085124.82 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 USD N CITIGROUP COMMERCIAL MORTGAGE TRUST N/A CGCMT 2016-C3 C 17325GAH9 175000.00000000 PA USD 133335.67000000 0.229552179517 Long ABS-O CORP US N 2 2049-11-15 Floating 4.06212800 N N N N N N Rithm Capital Corp. 549300WNTHGEO5LP2G31 RITM 6 1/4 10/15/25 64828TAA0 989000.00000000 PA USD 974629.83000000 1.677933606960 Long DBT CORP US Y 2 2025-10-15 Fixed 6.25000000 N N N N N N Wf-Rbs Com Mg Tst 5493003CHVRASC16O965 WFRBS 2013-C15 C 92938CAJ6 160000.00000000 PA USD 118842.74000000 0.204600989269 Long ABS-O CORP US N 2 2046-08-15 Floating 4.20400400 N N N N N N MFA Financial Inc. YW72IMH2RRC8Z1TGLG58 MFA FINANCIAL 55272X607 142725.00010000 NS USD 1608510.75000000 2.769230082546 Long EC CORP US N 1 N N N Pennymac Corporation EWN0I878407TKQNXZ933 PMT 5 1/2 11/01/24 70932AAD5 1965000.00000000 PA USD 1918331.25000000 3.302620517636 Long DBT CORP US N 2 2024-11-01 Fixed 5.50000000 N N N N Y PennyMac Mortgage Investment Trust PennyMac Mortgage Investment Trust COM USD XXXX N N N CWMBS Inc 549300430UQIJMFG3R47 CWALT 2003-J2 B2 12669E4G8 175.18000000 PA USD 29.25000000 0.000050357126 Long ABS-O CORP US N 2 2033-10-25 Fixed 0.00000000 N N N N N N Commercial Mortgage Trust 2015-Dc1 N/A COMM 2015-DC1 C 12629NAL9 10000.00000000 PA USD 7970.44000000 0.013721998574 Long ABS-O CORP US N 2 2048-02-10 Floating 4.29725500 N N N N N N MGIC Investment Corp. 254900S8483WM4M98R28 MGIC INVT CORP 552848103 79378.99990000 NS USD 1531220.91000000 2.636167030276 Long EC CORP US N 1 N N N WELLS FARGO COMMERCIAL MORTGAGE TRUST 5493002S7XBI8CVRR075 WFCM 2015-NXS1 D 94989HBM1 75000.00000000 PA USD 64537.04000000 0.111107689274 Long ABS-O CORP US N 2 2048-05-15 Floating 4.14014400 N N N N N N Sovereign ComlMtg 549300SZQW4U3UN4A157 SGCMS 2016-C5 XA 78419CAG9 1889541.20000000 PA USD 59128.47000000 0.101796234721 Long ABS-O CORP US N 2 2048-10-10 Floating 1.85910100 N N N N N N Ellington Ln Acq T N/A ELAT 2007-2 M2B 288547AU6 495618.52000000 PA USD 280802.39000000 0.483432532632 Long ABS-O CORP US Y 2 2037-05-25 Floating 7.17043000 N N N N N N Granite Point Mortgage Trust Inc 529900VX2HQZ76AYIE02 GPMT 7 PERP 38741L305 36754.00000000 NS USD 643562.54000000 1.107964460770 Long EP CORP US N 1 N N N Impac CMB Trust N/A IMM 2005-2 1M2 45254NNC7 433947.60000000 PA USD 396517.02000000 0.682648132768 Long ABS-O CORP US N 2 2035-04-25 Floating 6.20543200 N N N N N N Rithm Capital Corp. 549300WNTHGEO5LP2G31 NRZ 7 PERP 64828T706 37930.00000000 NS USD 827632.60000000 1.424861533077 Long EP CORP US N 1 N N N Csail 2016-C6 Commercial Mortg 549300C2HE5FJAWYZL57 CSAIL 2016-C6 B 12636MAK4 100000.00000000 PA USD 86915.09000000 0.149633990233 Long ABS-O CORP US N 2 2049-01-15 Floating 3.92389900 N N N N N N JPMBB COMMERCIAL MORTGAGE SECURITIES TRUST N/A JPMBB 2015-C28 C 46644FAK7 10000.00000000 PA USD 9228.89000000 0.015888560158 Long ABS-O CORP US N 2 2048-10-15 Floating 4.13353100 N N N N N N New York Mortgage Trust, Inc. 549300JFGR0M7ULHWG48 NEW YORK MTGE 649604840 200963.00010000 NS USD 1714214.39000000 2.951210650424 Long EC CORP US N 1 N N N Western Asset Mortgage Capital Corporation 549300JOQRROR5SZYY83 WMC 6 3/4 09/15/24 95790DAD7 500000.00000000 PA USD 487500.00000000 0.839285447884 Long DBT CORP US N 2 2024-09-15 Fixed 6.75000000 N N N N Y AG Mortgage Investment Trust Inc. 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YW72IMH2RRC8Z1TGLG58 MFA 6 1/2 PERP 55272X508 11272.00000000 NS USD 238966.40000000 0.411407224724 Long EP CORP US N 1 N N N JP Morgan Commercial Mortgage Finance Corp N/A JPMCC 2013-LC11 AS 46639YAU1 55054.89000000 PA USD 50764.05000000 0.087395955775 Long ABS-O CORP US N 2 2046-04-15 Fixed 3.21600000 N N N N N N Two Harbors Investment Corp. 549300ZUIBT6KH4HU823 TWO 7 1/4 PERP 90187B507 20472.00000000 NS USD 457549.20000000 0.787721815900 Long EP CORP US N 1 N N N Agnc Investment Corp 5TRACI5HRMELWV32OF39 AGNC INVESTMENT 00123Q104 84646.00000000 NS USD 830377.26000000 1.429586770405 Long EC CORP US N 1 N N N Enact Holdings Inc N/A ENACT HOLDINGS I 29249E109 42367.00000000 NS USD 1223982.63000000 2.107222173995 Long EC CORP US N 1 N N N Morgan Stanley BAML Trust N/A MSBAM 2015-C24 C 61765LAY6 17233.00000000 PA USD 15125.27000000 0.026039833859 Long ABS-O CORP US N 2 2048-05-15 Floating 4.32325100 N N N N N N Arbor Realty Commercial Real Estate Notes 2016-FL1 Ltd. N/A ARCLO 2022-FL2 E 03881JAN6 300000.00000000 PA USD 290449.50000000 0.500041105016 Long ABS-CBDO CORP US Y 2 2037-05-15 Floating 10.36181200 N N N N N N First American Funds Inc. 549300J5J5SJCZ9IA369 FIRST AM-TR OB-X 31846V328 10963163.22000000 PA USD 10963163.22000000 18.87430431452 Long STIV RF US N 1 N N N Two Harbors Investment Corp. 549300ZUIBT6KH4HU823 TWO 8 1/8 PERP 90187B200 9000.00000000 NS USD 201510.00000000 0.346921867904 Long EP CORP US N 1 N N N Arbor Realty Trust, Inc. 549300ASFUWYQO0RW077 ABR 6 1/4 PERP 038923868 10000.00000000 NS USD 176500.00000000 0.303864372413 Long EP CORP US N 1 N N N New York Mortgage Trust, Inc. 549300JFGR0M7ULHWG48 NYMT 6 7/8 PERP 649604865 22500.00000000 NS USD 430875.00000000 0.741799215092 Long EP CORP US N 1 N N N Government National Mortgage Association 549300M8ZYFG0OCMTT87 GNR 2019-81 IO 38380NFK0 1257678.62000000 PA USD 67778.44000000 0.116688119738 Long ABS-O USGA US N 2 2061-02-16 Floating 0.88351900 N N N N N N Dynex Capital Inc 5CIJ4S9HAEBWILA19B65 DYNEX CAPITAL 26817Q886 181492.00000000 NS USD 2272279.84000000 3.911982365608 Long EC CORP US N 1 N N N PHH Mortgage Corp. PAOOWF3GUFM46FBSP561 OCN 7 7/8 03/15/26 69356NAA2 1559000.00000000 PA USD 1397868.17000000 2.406585462856 Long DBT CORP US Y 2 2026-03-15 Fixed 7.87500000 N N N N N N AG Mortgage Investment Trust Inc. 549300SNP0PBR2XTFR48 AG MORTGAGE INVE 001228501 208879.00000000 NS USD 1326381.65000000 2.283513471151 Long EC CORP US N 1 N N N AG Mortgage Investment Trust Inc. 549300SNP0PBR2XTFR48 MITT 8 PERP 001228402 19450.00000000 NS USD 422440.39000000 0.727278096258 Long EP CORP US N 1 N N N Ocwen Financial Corporation 549300DDD1YQ8EIAT278 OCWEN FINL CORP 675746606 28195.00000000 NS USD 867278.20000000 1.493115841082 Long EC CORP US N 1 N N N Arbor Realty Trust, Inc. 549300ASFUWYQO0RW077 ABR 6 3/8 PERP 038923876 20000.00000000 NS USD 353000.00000000 0.607728744827 Long EP CORP US N 1 N N N WELLS FARGO COMMERCIAL MORTGAGE TRUST 549300PX4QZK7CUM8D08 WFCM 2014-LC16 B 94988XAZ9 75000.00000000 PA USD 59328.85000000 0.102141211168 Long ABS-O CORP US N 2 2050-08-15 Fixed 4.32200000 N N N N N N Commercial Mortgage Trust 2015-Lc19 N/A COMM 2015-LC19 D 200474AE4 81000.00000000 PA USD 68524.98000000 0.117973371344 Long ABS-O CORP US Y 2 2048-02-10 Fixed 2.86700000 N N N N N N Adjustable Rate Mortgage Trust N/A ARMT 2007-1 1A1 007037AA2 39900.32000000 PA USD 33097.04000000 0.056980233928 Long ABS-O CORP US N 2 2037-03-25 Floating 5.40868700 N N N N N N Csail Commercial Mortgage Trust 549300FU8TZDHFLQZL50 CSAIL 2016-C5 C 12636LBE9 33371.00000000 PA USD 30729.96000000 0.052905042547 Long ABS-O CORP US N 2 2048-11-15 Floating 4.64272900 N N N N N N UBS Commercial Mortgage Trust 2018-C13 N/A UBSCM 2018-C13 B 90353KBC2 220000.00000000 PA USD 193475.66000000 0.333089858375 Long ABS-O CORP US N 2 2051-10-15 Floating 4.78630100 N N N N N N WFRBS COMMERCIAL MORTGAGE TRUST N/A WFRBS 2014-C24 B 92939KBR8 15000.00000000 PA USD 13140.12000000 0.022622177434 Long ABS-O CORP US N 2 2047-11-15 Floating 4.20400100 N N N N N N Jpmbb Commercial Mortgage Securities Trust 2015-C30 N/A JPMBB 2015-C30 B 46644UBF4 45000.00000000 PA USD 38935.63000000 0.067032015719 Long ABS-O CORP US N 2 2048-07-15 Floating 4.22880500 N N N N N N GS MORTGAGE SECURITIES TRUST 549300V3F4KBEWHAZP46 GSMS 2014-GC26 XA 36250HAG8 2912569.40000000 PA USD 13359.96000000 0.023000656435 Long ABS-O CORP US N 2 2047-11-10 Floating 0.98887000 N N N N N N Chimera Investment Corporation 2JBBQFJOL123LOUBE657 CIM 7 3/4 PERP 16934Q505 7881.00000000 NS USD 156831.90000000 0.270003551659 Long EP CORP US N 1 N N N Wf-Rbs Com Mg Tst 5493003CHVRASC16O965 WFRBS 2013-C15 B 92938CAH0 270000.00000000 PA USD 222371.41000000 0.382837104489 Long ABS-O CORP US N 2 2046-08-15 Floating 4.20400400 N N N N N N Star Holdings 549300NXTGWF12PTMW64 STAR HOLDINGS 85512G106 7744.00000000 NS USD 116005.12000000 0.199715710966 Long EC CORP US N 1 N N N Redwood Trust Inc DRBV4N1ERQLEMIF11G78 REDWOOD TRUST 758075402 146592.99990000 NS USD 1086254.13000000 1.870107249259 Long EC CORP US N 1 N N N Morgan Stanley BAML Trust N/A MSBAM 2013-C12 C 61762XAZ0 15000.00000000 PA USD 14093.71000000 0.024263888635 Long ABS-O CORP US N 2 2046-10-15 Floating 7.43166400 N N N N N N JP Morgan Commercial Mortgage Finance Corp N/A JPMCC 2013-LC11 B 46639YAV9 60000.00000000 PA USD 50338.50000000 0.086663324140 Long ABS-O CORP US N 2 2046-04-15 Fixed 3.49860000 N N N N N N Mr Cooper Group Inc 549300KD8C6DPXYC2M26 MR COOPER GROUP 62482R107 21591.00010000 NS USD 1406005.93000000 2.420595521412 Long EC CORP US N 1 N N N KKR Real Estate Finance Trust Inc. 549300K23AYZDZ2REL62 KREF 6 1/2 PERP 48251K209 22753.00000000 NS USD 412966.95000000 0.710968516086 Long EP CORP US N 1 N N N Wamu Wmalt 07-0c1 N/A WMALT 2007-HY1 A2A 93936AAB7 218693.19000000 PA USD 166583.13000000 0.286791378199 Long ABS-O CORP US N 2 2037-02-25 Floating 5.79043100 N N N N N N Fnma Pass-Thru I B1V7KEBTPIMZEU4LTD58 FN BQ4516 3140KQAS0 806736.26000000 PA USD 663041.49000000 1.141499638771 Long ABS-MBS USGSE US N 2 2051-02-01 Fixed 2.00000000 N N N N N N Rwt Holdings Inc Z31FN4C0IQMCYFAEUP31 RWT 5 3/4 10/01/25 749772AD1 2284000.00000000 PA USD 2145532.50000000 3.693772728644 Long DBT CORP US N 2 2025-10-01 Fixed 5.75000000 N N N N N Redwood Trust Inc Redwood Trust Inc COM USD XXXX N N N Wells Fargo Coml T 549300CFP9NBBMZH1008 WFCM 2016-NXS6 B 95000KBG9 100000.00000000 PA USD 90131.50000000 0.155171397632 Long ABS-O CORP US N 2 2049-11-15 Fixed 3.81100000 N N N N N N Cwalt Incorporation N/A CWALT 2005-J6 1A5 12667GVF7 231169.20000000 PA USD 184781.10000000 0.318121206716 Long ABS-O CORP US N 2 2035-07-25 Floating 5.50000100 N N N N N N Wells Fargo Coml Mtg Tr 2015-C27 5493001SKB2HKIF64L70 WFCM 2015-C27 B 94989DBB4 25000.00000000 PA USD 21482.90000000 0.036985200714 Long ABS-O CORP US N 2 2048-02-15 Floating 4.13899900 N N N N N N Federal Home Loan Mortgage Corp. S6XOOCT0IEG5ABCC6L87 FHMS K126 X3 3137FXYY8 1000000.00000000 PA USD 145374.50000000 0.250278363781 Long ABS-O USGSE US N 2 2049-01-25 Floating 2.71950100 N N N N N N Ellington Financial Inc 60GS1D1R1YY5G1W7IT74 ELLINGTON FINANC 28852N109 221601.99990000 NS USD 2816561.42000000 4.849023616163 Long EC CORP US N 1 N N N Safehold Inc. QFFLKWYYS3UPWD86E794 SAFEHOLD INC 78646V107 11972.00000000 NS USD 280144.80000000 0.482300418339 Long EC CORP US N 1 N N N Government National Mortgage Association 549300M8ZYFG0OCMTT87 G2 MA9007 36179YAG9 418898.72000000 PA USD 425753.10000000 0.732981294814 Long ABS-MBS USGA US N 2 2053-07-20 Fixed 6.50000000 N N N N N N Commercial Mortgage Trust N/A COMM 2013-CR6 F 12624XAZ1 100000.00000000 PA USD 45579.25000000 0.078469746154 Long ABS-O CORP US Y 2 2046-03-10 Floating 3.85893700 N N N N N N Terwin Mtg Tst N/A TMTS 2004-7HE A3 881561FX7 197435.68000000 PA USD 186267.04000000 0.320679417625 Long ABS-O CORP US Y 2 2034-07-25 Floating 6.87043100 N N N N N N Rithm Capital Corp. 549300WNTHGEO5LP2G31 RITHM CAPITAL CO 64828T201 400966.00020000 NS USD 4282316.88000000 7.372484596134 Long EC CORP US N 1 N N N Two Harbors Investment Corp. 549300ZUIBT6KH4HU823 TWO 6 1/4 01/15/26 90187BAB7 3205000.00000000 PA USD 2964625.00000000 5.103931530124 Long DBT CORP US N 2 2026-01-15 Fixed 6.25000000 N N N N N Two Harbors Investment Corp. Two Harbors Investment Corp. COM USD XXXX N N N Government National Mortgage Association 549300M8ZYFG0OCMTT87 GNR 2019-34 IO 38380MU58 3681826.49000000 PA USD 183179.70000000 0.315364218580 Long ABS-O USGA US N 2 2061-03-16 Floating 0.72226100 N N N N N N 2024-01-26 MUTUAL FUND SERIES TRUST Erik Naviloff Erik Naviloff Treasurer XXXX NPORT-EX 2 alphacenstratincportex.htm ALPHACENTRIC STRATEGIC INCOME FUND_NQ_12.31.2023

 

ALPHACENTRIC STRATEGIC INCOME FUND (SIIAX, SIICX, SIIIX)
SCHEDULE OF INVESTMENTS (Unaudited)
December 31, 2023
 
Shares             Fair Value
    COMMON STOCKS — 39.2%      
    ASSET MANAGEMENT - 0.2%      
7,744   Star Holdings(a)       $ 116,005
             
 
    MORTGAGE FINANCE - 3.9%      
181,492   Dynex Capital, Inc. (h)         2,272,280
             
 
    MORTGAGE REITS - 23.5%      
208,879   AG Mortgage Investment Trust, Inc. (h)         1,326,382
84,646   AGNC Investment Corporation (h)         830,377
221,602   Ellington Financial, Inc. (h)         2,816,561
142,725   MFA Financial, Inc. (h)         1,608,511
200,963   New York Mortgage Trust, Inc. (h)         1,714,214
146,593   Redwood Trust, Inc. (h)         1,086,254
400,966   Rithm Capital Corporation (h)         4,282,317
             

13,664,616

    MULTI ASSET CLASS REIT - 0.5%      
11,972   Safehold, Inc. (h)         280,145
             
 
    RESIDENTIAL REIT - 2.5%      
20,611   Equity LifeStyle Properties, Inc. (h)         1,453,900
             
 
    SPECIALTY FINANCE - 8.6%      
42,367   Enact Holdings, Inc.         1,223,983
79,379   MGIC Investment Corporation         1,531,221
21,591   Mr Cooper Group, Inc.(a)         1,406,006
28,195   Ocwen Financial Corporation(a)         867,278
             

5,028,488

               
    TOTAL COMMON STOCKS (Cost $24,051,993)    

  22,815,434

               
 
 

 

ALPHACENTRIC STRATEGIC INCOME FUND (SIIAX, SIICX, SIIIX)
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
December 31, 2023
 
Shares             Fair Value
    PREFERRED STOCKS — 12.9%      
    MORTGAGE REITS — 12.9%      
19,450   AG Mortgage Investment Trust, Inc. - Series C (d) (h)       $  422,440
59,964   AGNC Investment Corporation - Series F (d) (h)       1,304,817
10,000   Arbor Realty Trust, Inc. - Series E (h)         176,500
20,000   Arbor Realty Trust, Inc. - Series D (h)         353,000
63,126   Arbor Realty Trust, Inc. - Series F (d) (h)         1,186,769
28,308   Chimera Investment Corporation - Series B (d) (h)         663,256
7,881   Chimera Investment Corporation - Series C (d) (h)         156,832
36,754   Granite Point Mortgage Trust, Inc. - Series A (d) (h)         643,563
22,753   KKR Real Estate Finance Trust, Inc. - Series A (h)         412,967
11,272   MFA Financial, Inc. - Series C (d) (h)         238,966
22,500   New York Mortgage Trust, Inc. - Series F (d) (h)         430,875
37,930   Rithm Capital Corporation - Series D (d) (h)         827,633
9,000   Two Harbors Investment Corporation - Series A (d) (h)         201,510
20,472   Two Harbors Investment Corporation - Series C (d) (h)         457,549
  TOTAL PREFERRED STOCKS (Cost $8,850,107)           7,476,677
             
Principal Amount ($)       Spread Coupon Rate (%) Maturity Fair Value
    ASSET BACKED SECURITIES — 5.9%      
    CLO — 0.7%      
300,000   Arbor Realty Commercial Real Estate Notes 2022-FL2 Series FL2 E(b),(c) TSFR1M + 5.000% 10.3620 05/15/37   290,450
100,000   TRTX 2021-FL4 Issuer Ltd.  Series FL4 AS(b),(c) TSFR1M + 1.514% 6.8760 03/15/38   97,479
              387,929
    COLLATERALIZED MORTGAGE OBLIGATIONS — 2.0%      
39,900   Adjustable Rate Mortgage Trust 2007-1  Series 2007-1 1A1(d)   5.4090 03/25/37   33,097
175   Alternative Loan Trust 2003-J2 Series 2003-J2 B2(g)   6.0000 10/25/33   29
505,626   Alternative Loan Trust 2005-11CB Series 2005-11CB 3A2(c) US0001M + 0.500% 5.5000 06/25/35   370,517
231,169   Alternative Loan Trust 2005-J6 Series 2005-J6 1A5(c) US0001M + 0.500% 5.5000 07/25/35   184,781
433,948   Impac CMB Trust Series 2005-2 Series 2005-2 1M2(c) US0001M + 0.735% 6.2050 04/25/35   396,517
218,693   Washington Mutual Mortgage Pass-Through Series 2007-HY1 A2A(c) US0001M + 0.160% 5.7900 02/25/37   166,583
              1,151,524
    HOME EQUITY — 0.3%      
197,436   Terwin Mortgage Trust 2004-7HE Series 7HE A3(b),(c) US0001M + 1.400% 6.8700 07/25/34   186,267
             
 
 

 

ALPHACENTRIC STRATEGIC INCOME FUND (SIIAX, SIICX, SIIIX)
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
December 31, 2023
 
Principal Amount ($)       Spread Coupon Rate (%) Maturity Fair Value
    ASSET BACKED SECURITIES — 5.9% (Continued)      
    NON AGENCY CMBS — 2.4% (Continued)      
175,000   Citigroup Commercial Mortgage Trust 2016-C3 Series C3 C(d)   4.0620 11/15/49 $ 133,336
100,000   COMM 2013-CCRE6 Mortgage Trust Series 2013-CR6 F(b),(d)   3.8590 03/10/46   45,579
10,000   COMM 2015-DC1 Mortgage Trust Series 2015-DC1 C(d)   4.2970 02/10/48   7,970
81,000   COMM 2015-LC19 Mortgage Trust Series 2015-LC19 D(b)   2.8670 02/10/48   68,525
33,371   CSAIL 2016-C5 Commercial Mortgage Trust Series 2016-C5 C(d)   4.6430 11/15/48   30,730
100,000   CSAIL 2016-C6 Commercial Mortgage Trust Series C6 B(d)   3.9240 01/15/49   86,915
2,912,569   GS Mortgage Securities Trust 2014-GC26 Series GC26 XA(d),(e)   0.9890 11/10/47   13,360
55,055   JP Morgan Chase Commercial Mortgage Securities   3.2160 04/15/46   50,764
60,000   JP Morgan Chase Commercial Mortgage Securities Series LC11 B   3.4990 04/15/46   50,339
45,000   JPMBB Commercial Mortgage Securities Trust Series 2015-C30 B(d)   4.2290 07/15/48   38,936
10,000   JPMBB Commercial Mortgage Securities Trust Series 2015-C28 C(d)   4.1340 10/15/48   9,229
15,000   Morgan Stanley Bank of America Merrill Lynch Trust Series 2013-C12 C(d)   7.4320 10/15/46   14,094
17,233   Morgan Stanley Bank of America Merrill Lynch Trust Series 2015-C24 C(d)   4.3230 05/15/48   15,125
1,889,541   SG Commercial Mortgage Securities Trust 2016-C5 Series C5 XA(d),(e)   1.8590 10/10/48   59,128
220,000   UBS Commercial Mortgage Trust 2018-C13 Series C13 B(d)   4.7860 10/15/51   193,476
75,000   Wells Fargo Commercial Mortgage Trust 2014-LC16 Series LC16 B   4.3220 08/15/50   59,329
25,000   Wells Fargo Commercial Mortgage Trust 2015-C27 Series 2015-C27 B(d)   4.1390 02/15/48   21,483
75,000   Wells Fargo Commercial Mortgage Trust 2015-NXS1 Series 2015-NXS1 D(d)   4.1400 05/15/48   64,537
100,000   Wells Fargo Commercial Mortgage Trust 2016-NXS6 Series 2016-NXS6 B   3.8110 11/15/49   90,132
160,000   WFRBS Commercial Mortgage Trust 2013-C15 Series 2013-C15 C(d)   4.2040 08/15/46   118,843
270,000   WFRBS Commercial Mortgage Trust 2013-C15 Series 2013-C15 B(d)   4.2040 08/15/46   222,371
15,000   WFRBS Commercial Mortgage Trust 2014-C24 Series 2014-C24 B(d)   4.2040 11/15/47   13,140
              1,407,341
    RESIDENTIAL MORTGAGE — 0.5%      
495,619   Ellington Loan Acquisition Trust 2007-2 Series 2007-2 M2B(b),(c) US0001M + 1.700% 7.1700 05/25/37   280,802
             
  TOTAL ASSET BACKED SECURITIES (Cost $3,714,880)    

3,413,863

             
 
 

 

ALPHACENTRIC STRATEGIC INCOME FUND (SIIAX, SIICX, SIIIX)
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
December 31, 2023
 
Principal Amount ($)         Coupon Rate (%) Maturity Fair Value
    COLLATERALIZED MORTGAGE OBLIGATIONS — 1.7%      
    CMBS — 1.7%      
1,000,000   Freddie Mac Multifamily Structured Pass Through Series K126 X3(d),(e)   2.7200 01/25/49 $ 145,375
1,932,097   Government National Mortgage Association(d),(e)   0.7260 03/16/58   59,153
4,705,103   Government National Mortgage Association Series 2017-171 IO(d),(e)   0.6530 09/16/59   166,573
2,443,559   Government National Mortgage Association Series 110 IO(d),(e)   0.6040 01/16/60   105,672
6,153,706   Government National Mortgage Association Series 161 IB(d),(e)   0.5220 08/16/60   240,105
1,257,679   Government National Mortgage Association Series 2019-81 IO(d),(e)   0.8840 02/16/61   67,778
3,681,826   Government National Mortgage Association Series 34 IO(d),(e)   0.7220 03/16/61   183,180
  TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $1,103,511)         967,836
             
    CONVERTIBLE BONDS — 13.7%      
    ASSET MANAGEMENT — 3.7%      
2,284,000   RWT Holdings, Inc.   5.7500 10/01/25   2,145,533
             
    SPECIALTY FINANCE — 10.0%      
1,965,000   PennyMac Corporation   5.5000 11/01/24   1,918,331
500,000   Redwood Trust, Inc.   7.7500 06/15/27   460,938
3,205,000   Two Harbors Investment Corporation   6.2500 01/15/26   2,964,624
500,000   Western Asset Mortgage Capital Corporation   6.7500 09/15/24   487,500
              5,831,393
  TOTAL CONVERTIBLE BONDS (Cost $7,838,175)    

7,976,926

             
    CORPORATE BONDS — 4.1%      
    SPECIALTY FINANCE — 4.1%      
1,559,000   PHH Mortgage Corporation(b)   7.8750 03/15/26   1,397,868
989,000   Rithm Capital Corporation(b)   6.2500 10/15/25   974,630
  TOTAL CORPORATE BONDS (Cost $2,405,614)         2,372,498
             
             
 
 

 

ALPHACENTRIC STRATEGIC INCOME FUND (SIIAX, SIICX, SIIIX)
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
December 31, 2023
 
Principal Amount ($)         Coupon Rate (%) Maturity Fair Value
    U.S. GOVERNMENT & AGENCIES — 2.5%      
    AGENCY FIXED RATE — 1.1%      
806,736   Fannie Mae Pool BQ4516   2.0000 02/01/51 $ 663,041
             
    AGENCY MBS OTHER — 1.4%      
393,881   Ginnie Mae II Pool MA8867   5.5000 05/20/53   391,090
418,899   Ginnie Mae II Pool MA9007   6.5000 07/20/53   425,754
              816,844
  TOTAL U.S. GOVERNMENT & AGENCIES (Cost $1,493,052)    

1,479,885

             
Shares             Fair Value
    SHORT-TERM INVESTMENT — 18.9%      
    MONEY MARKET FUND - 18.9%      
10,963,163   First American Treasury Obligations Fund, Class X, 5.28% (Cost $10,963,163)(f)       10,963,163
             
    TOTAL INVESTMENTS - 98.9% (Cost $60,420,495)     $ 57,466,282
    OTHER ASSETS IN EXCESS OF LIABILITIES - 1.1%    

618,843

    NET ASSETS - 100.0%        

$ 58,085,125

           
               
 

 

 

CLO  - Collateralized Loan Obligation
CMBS  - Commercial Mortgage Backed Securities
LTD  - Limited Company
MBS  - Mortgage Backed Securities
REIT  - Real Estate Investment Trust
H15T5Y - US Treasury Yield Curve Rate T Note Constant Maturity 1 Year
SOFRRATE  -United States SOFR Secured Overnight Financing Rate
TSFR1M - Term Secured Overnight Financing Rate (SOFR) 1 month
US0001M - Intercontinental Exchange London Interbank Offered Rate (ICE LIBOR) USD 1 Month
US0003M - Intercontinental Exchange London Interbank Offered Rate (ICE LIBOR) USD 3 Month
(a) Non-income producing security.
(b) Security exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933. The security may be resold in transactions exempt from registration, normally to qualified institutional buyers.  As of December 31, 2023 the total market value of 144A securities is $3,341,600 or 5.8% of net assets.
(c) Floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets.
(d) Variable rate security; the rate shown represents the rate on December 31, 2023.
(e) Interest only securities.
(f) Rate disclosed is the seven day effective yield as of December 31, 2023.
(g) Illiquid security. Total illiquid securities represents 0.0% of net assets as of December 31, 2023.
(h) REIT – Real Estate Investment Trust.